Recent statistics show that Wisconsin Dells hosts over five million tourists annually. 40% of visitor spending happens in the summer. Winter is the second most popular season.
There are many benefits to vacation rental hosting in Wisconsin Dells. The most significant advantage is that it can generate quick and easy profits. The best way to market a vacation rental is with Airbnb rental management.
If you have a property in the Wisconsin Dells area and are ready for vacation rental hosting, there is no better time to start than now. However, hosts make common mistakes that could be detrimental to making money.
This is how to rent your home for vacations to achieve the highest ROI.
1. Lack of Research
Vacation rental hosting can be lucrative, especially in the Wisconsin Dells area. As exciting as it is, a common mistake is listing a property before doing thorough research.
One of the best home-sharing tips you can get is to research pricing, competition, and guest expectations before starting advertising. Otherwise, you could price your vacation rental property too high or too low. This will drive away customers, lead to vacant units, or lower ROI for you.
2. Using Fixed Pricing Models
Experts recommend this for vacation rental hosting tips. You may want to lock in prices like the competitors' list, but it is best to use flexible pricing. Certain seasons are peak seasons, and you should capitalize on those.
3. Poor Photographs
A tourist considering Airbnb property rental for vacations will look at your photos to decide where to stay. It is also the first impression you are giving potential guests. The wrong images with bad angles or poor lighting will turn them away.
You want the photos you add to your listing to be high quality, but they should be transparent too. It should show exactly what the guest is getting for their money.
4. Not Communicating Well With Guests
You want guests to leave you positive reviews. Part of their experience with your vacation rental hosting is how clearly you communicate and how quickly you can respond to emails. When giving directions to the property, offering advice about options for public transportation, and more, be sound in your answers.
5. Inadequate Property Management
Property rental for vacations can be profitable, but to optimize ROI, you need help. All the details can be time-consuming and tricky. Expert property owners will give you their home-sharing tips, including finding a superior property management company to work with.
Managing bookings, communications, cleaning, and more can be challenging. A professional property manager will tackle these tasks efficiently, keeping you in the loop and helping you achieve high profits.
Airbnb Rental Management
How you manage your short-term rental property in Wisconsin Dells will determine how much you can make. You need professional Airbnb rental management. Let the experts at PMI Northwoods be your property manager advocate.
It is hard managing a vacation rental, but we make it easy. From marketing to housekeeping to maintenance, we will handle it all. Contact PMI Northwoods today to learn more.
